Pumpkin Patch shares biggest faller on NZX as board mulls capital constraints

Thu, 20 Oct 2016

By Edwin Mitson Oct. 20 (BusinessDesk) - Pumpkin Patch shares were the biggest decliner on the NZX today as the deadline looms today for directors to propose measures to address its capital constraints with lender ANZ Bank New Zealand. In its full-year results published last month, the Auckland-based childrenswear retailer told investors that its directors had given an undertaking to the bank that it would put forward proposals by Oct 20. The capital constraints were highlighted in the accounts as a "material risk" to the ongoing via...

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